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I L T A N E T . O R G
The key is to create a governance framework that
is flexible and adaptable. Set clear boundaries and
guidelines while leaving room for experimentation.
Encourage a culture of responsible innovation where new
ideas are welcome but always subject to ethical scrutiny.
Governance is not about saying no to everything but
finding ways to say yes safely and responsibly.
BUILDING A STRONG BUSINESS CASE FOR AI
GOVERNANCE
Cost-Benefit Analysis
Implementing robust AI governance requires time,
resources, and financial investment. Partners might
question if it is worth the cost. Conduct a thorough
cost-benefit analysis. On the cost side, factor in training
The solution? Bridge the knowledge gap. Bring in experts
who can explain AI concepts in terms lawyers can
understand. Develop AI literacy programs within your
firm. And when it comes to governance policies, focus
on the outcomes and ethical considerations rather than
getting bogged down in technical jargon.
Balancing Innovation and Control
This is a tricky tightrope to walk – you want to encourage
innovation and leverage the full potential of AI, but you
also need to maintain control and mitigate risks. Lean
too far one way, and you might stifle progress. Lean too
far the other, and you could be opening Pandora's box of
ethical and legal issues.
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